…Well, slightly anyway. We’re seeing Crusader Orbs rising in price slightly across six auctions houses per faction side that we tested. That is to say that 12 out of 12 tested auction houses are showing increased prices as compared to our last assessment 10 days ago. We speculate that this rise in price is for the very reasons we initially predicted such movement, but we also do not believe that the orbs will return to their earlier levels of value (in the 3,000+ Gold range) ever. The orbs dipped on some servers to below 1,000 Gold for a few weeks and testing of these same servers showed that they are now going for 1,100 or more. Eventually, prices will hit a ceiling and come back down but, for now, they seem to be continuing to rise. With a deposit amount of only 36 Silver for a 48-hour auction, it may now be time to put up your Crusader Orbs for sale at prices slightly above current market value with long-term auction durations.
Tag Archives: Patch 3.2
A small fix was applied to the AH interface sometime during the past two weeks. The fix addresses the interface issue we described in a previous post, wherein new searches of the AH would retain the page index of previous searches thereby rendering occasionally inaccurate search results. This was only prevalent in the unmodified auction house and has since been fixed. New searches now revert to the first indexed page of AH searches.
You can, however, still dance your way to free honor at the blacksmith in Arathi Basin.
Buying and reselling BoE gear is a well-known and widely accepted way of making gold in WoW. It is beneficial to remember this old trick as we all sometimes have a habit of getting caught up in our own worlds of crafting and profit margins.
Because many players will not take the time to strategically analyze and compare their existing gear to the various items found while questing or scanning the AH, the traditional logic has always been that purple, or epic quality, items will sell for more. This is true even when the upgrade on a blue (rare) item might be the better improvement for the specific class or spec in question. Purple sells better than blue simply because many players have become trained to respond to this color system in a somewhat Pavlovian approach to gearing.
Similarly, players also respond to item levels of gear. It wasn’t until the release of patch 3.2 that players were able to display the item level of gear but after that change, many took advantage of the new interface option, and now the decision of ‘is it an upgrade’ has taken a new turn. Whereas it used to simply be ‘purple is better’ many player now also refer to the item level so we’ve now got several tiers of epic and upgrades. That’s actually a bit of a misnomer because we’ve always had these tiers; they just weren’t as accessible to the common player.
The lesson here is that you should always enable the ability to display item level in your interface, even if you’re capable of making your own decisions on upgrades. The reasons to do so are:
- It can help you better decide on suitable targets and buy and sell prices for resale.
- Assist in negotiations on price “Man, I’m not paying X for that item, it’s only ilevel 200.”
- It can help you develop a more effective marketing approach to selling BoE items, “Ulduar 25 hard mode equivalent bracers for sale.”
We’ve previously explained how to enable item levels for your interface in our article on selecting profitable quest rewards.
WoWWiki has a fantastic, if somewhat outdated, article on the hidden formula and mechanics of item level. (Pro tip: Gear resellers, be sure to give that WotLK chart at the very bottom of the page a careful look for marketing ideas.)
In the wake of our report yesterday on the state of the 3.2.2 economy, we are receiving scattered reports from concerned readers about the charges on the Drums of Forgotten Kings and the Drums of the Wild. It would seem that some of the more nefarious sellers out there are using up 49 of the 50 charges on their drums and then reposting them with one charge left for the same price as fully charged drums.
UPDATE: We contacted our reader who alerted us to this issue and asked for more information about the scam and they clarified that they were scammed by drums offered in /trade chat. Apparently, the drums can be traded between players with less than full charges but NOT posted on the AH. Beware of deals that look too good to be true in the trade channel, they probably are.
This sort of scam is nothing new and we’ve seen it before with similar charged items. What is different is that the item is new and so some buyers are not quite used to the charge feature of the drums just yet. As with all items
in the AH for sale or trade, the rule of thumb is Caveat Emptor. Watch what you’re doing and don’t make silly mistakes. And, no, a GM will not ‘fix’ this issue for you. Instead, may we suggest a few more appropriate ways for dealing with trading mistakes.
Just so we’re clear, both types of drums have fifty charges each when first crafted. Any less and you’re not buying a ‘new’ product. The Priest buff scroll, Runescroll of Fortitude, holds a single charge each but can stack in sizes of up to 20 per stack. There is still, as yet, no Mage scroll yet so the Vending Machines of WoW are safe for the time being.
On a side note, we love that the Blessing of Kings drums are called ‘…of Forgotten…’ since we’ve become so accustomed to grouping with pallis that forget to buff. Now if only they’d make a ‘Drums of Turn Off Crusader Aura Ya Nub’. Just a thought.
Here are a few observations about the post-3.2.2 economy based on reader tips we’ve received and the WoWenomics teams’ own observations. We hope you find them useful. Feel free to share your own observations in the comments section.
A Big Ol’ Cup O’ Hurt
The Tankard O’ Terror, a BoE mace dropped by the Brewfest boss, is now being heavily sold in the AH and marketed in the /trade channel. The prices on this item range widely from the area of 1,000 gold to 3,000 or so. Tobold put up a good post explaining that he sees this item being BoE as an oversight on Blizzard’s part and suspects that the item may be made BoP in the near future. We don’t necessarily see that as happening and, in fact, are sellers of this item as opposed to buyers. Currently we will purchase the item at bid levels below 800 gold and sell at any above 1,100. A few of our team members have generated a bit of income with this strategy but longevity is limited. As the event progresses we expect the price to continue to drop as more and more players attain one and post it. Longer term, however, the price of these maces may increase significantly if similar holiday events do not yield comparable weapons. This is to say that, come six months from now, any remaining Tankard O’ Terrors might catch a pretty penny (copper?).
Conversely, sales of the Titansteel Bonecrusher are slowing significantly as players can attain the higher item level Brewfest mace for approximately the same (or lower) price.
On a personal note, I’m pretty sure I drank from that tankard more than once during college.
My Orbs Dropped
No, that wasn’t another personal note. Rather, Crusader Orbs have dropped sharply in price, as they are now attainable for 15 Emblems of Triumph. We actually predict there will be a slight bounce back in going rate for these items as two things happen:
- Players will be attracted to the lower price thereby driving up demand and
- Players will exhaust their reserve of emblems thereby slowing supply.
Runed Orbs have dropped slightly in price (presumably because more players are crafting the higher level items that require the recently inexpensive Crusader Orbs)
Frozen Orbs have actually increased in price albeit marginally. This is possibly due to content distraction and connection issues. We expect prices to drop back to ‘normal’ levels shortly.
Counting Bodies Like Sheep to the…
Two new types of drums were released. Drums of Forgotten Kings and Drums of the Wild both offer what were previously class specific raid buffs but are now available as a Leatherworking crafted item usable by even non-Leatherworkers. Prices for the drums are being reported to us as between 100 gold and 300 gold. These prices are expected to drop somewhat in the coming days as Leatherworkers flood the market.
Most servers tested showed a sharp increase in the price of the materials required to craft these items. If you are a farmer/supplier of such goods, now is certainly the time to sell.
It is worth noting that the buffs granted by these items do not stack with the class-offered versions of the same.
A Script for Profits
Scribes are reporting success in selling their version of the open-class raid buff, the Runescroll of Fortitude. Current price point on all servers tested varied from a low of just under 10 gold each to a high in the area of 22. This item is also usable by all classes and professions and, similar to the drums, does not stack with similar buffs granted by priests.
In other Inscription news, we’ve received scattered reports that the going rate for a few glyphs is on the rise. Specifically, glyphs that cater to skills in the Mage’s Arcane tree are on the rise (presumably this spec became more attractive given the buffs it received) and we’ve also heard the same (although to a lesser degree) about the Glyph of Seal of Command due to buffs to that specific skill. A few other glyphs have been redesigned and sales are moving upwards or downwards as the community reacts to the changes. If you are a scribe you may wish to reassess your pricing and adjust accordingly.
All Your Buffs Are Belong to Us!
Players would be well advised to note that the buffs granted by the aforementioned drums and scrolls will stack with each other. Further, and perhaps more importantly, the buffs stack with those granted from consumables. Thus, you could theoretically use both types of drums, the scroll and an elixir of both varieties (or a flask) all at once- even while soloing. Take it away min/maxers…
One final comparative note is that the buff granted by the drums is 30 minutes long whereas the scroll grants a 60-minute stamina buff.
A Gem of an Opportunity
Raw gems continue to rise even while the prices of the cut versions stabalize. One area we’ve observed strong gains in price with Armor Penetration gems. This is quite probably a result of players trying to compensate for a nerf to this statistic that was introduced by Blizzard with this patch. Here is a full list of Armor Pen gems to help you plan accordingly. It should be noted that this rise was somewhat unexpected by our team. Rather, we would have predicted a decline in the price of these gems since their value has been nerfed. Perhaps that price drop is still to come.
3.2.2 Information (including the patch notes) from MMO-Champion
Further market predictions from WoW Confidential
3.2.2 Summary from WoWhead
Onyxia Flying Mount video (highlighted just because it’s so damned bad a**)
Uncut epic gems are showing increases in price on every server we tested. This is occurring even as the prices of many cut epic gems are decreasing in price. The reasons for this pricing anomaly are simple.
Demand is Up
Uncut (or raw) epic gems gain value as demand increases. We are currently seeing a demand increase because many jewelcrafters now each have several learned patterns and are increasingly gaining more. As jewelcrafters learn more patters, and seek to cut more gems, the demand for raw gems increases. Demand for cut gems is also on the rise due to the new Arena Season, new PVP gear and additional PVP content but the cut demand is not increasing as fast as the uncut demand… for now. It is reasonable to expect that cut gem demand will equalize with, or possibly even overcome, uncut gem demand as more players gain new gear and as players develop a coherent strategy as to how they wish to gem their gear with epic cuts. Of course, any increase in cut gem demand will also increase demand for uncut equivalents but the opposite relationship is not necessarily true.
Supply is Down
Again, with the release of new PVP gear, many players are back to spending their honor points on attaining this gear as opposed to purchasing gems for resale. Further, most players are reporting their experiences with prospecting Titanium Ore to be unprofitable and are thus not pursuing this avenue of gem creation either. This leaves a significant dent in the supply of raw epic gems and a market ripe for exploitation by the savvy WoW trader.
If you have excess uncut epic gems keep an eye out for opportunities to sell them at a premium. The servers we tested each showed at least 3 out of 6 possible colors of epic gems to have at least some cut gems that were selling lower than the price of uncut gems. One server showed at least one cut gem in each gem color category to be selling cheaper than their raw counterparts.
The signs of a good selling opportunity include (but are by no means limited to):
- A very low (perhaps < 5) amount of uncut epics available
- Multiple cut gems selling for less than their uncut counterparts
- A sharp rise in prices of a popular cut gem(s)
The market is moving, make sure you are moving accordingly. In put it in PVE terms, don’t stand in the purple AH fire.
For several weeks now, every server tested is showing the price of Titansteel Bars to be higher than the price of the materials required to create them. The bars are hovering at a consistently higher price while the more volatile Titanium Ore and Titanium Bars fluctuate wildly. Whilst a miner can only create one bar daily, this is a fast and easy means to profit provided you purchase or farm the materials inexpensively.
Even if you cannot find the materials at a price that makes the bars worth crafting there is still an opportunity to profit by selling your cooldown to another player with the materials. The thing to remember here is that, with the bars as profitable as they are currently and many new patterns circulating in the game, the price of that cooldown should be adjusted upwards instead of the decline that we were previously seeing. Let this message serve as your reminder to stop selling your cooldowns for pre-3.2 price levels and readjust at prices that reflect the new profitability of Titansteel and the loss of income that you experience by not crafting the bar yourself. When you are selling a cooldown, you are not selling the item but rather the opportunity cost of the item. It costs you gold to not craft your daily bars and it is for that loss of income that you should be compensated.
Along those same lines, if you’re an alchemist, even if you’re not transmute specced, be sure to transmute titanium bars on days when you are not transmuting epic gems. Ideally you’ve found plenty of opportunities with the overpriced epic gem market at present but on those few occasions when you either don’t have the mats or cannot attain them inexpensively don’t waste the opportunity that is your daily cooldown by ignoring this skill. Again, at the bare minimum, sell your cooldown to another player and profit from that.
Finally, with the price of Titanium and Titansteel bars being elevated, and the cooldown sales becoming more expensive, this is a fine time to reevaluate your pricing of secondary market Titanium-based goods as well.